1030 GMT - Saudi Arabian Oil Co. is among the most mentioned companies across news items over the past 12 hours, according to Factiva data. Saudi Arabia's national oil company said its second-quarter net profit rose 90% to $48.4 billion, because of higher crude-oil prices and stronger refining profit. It was the highest quarterly net profit the company has posted since it went public in 2019. "The world's largest energy company continues to run unquestionably the strongest balance in the industry, giving support to both an expansive capital program and potential for higher distributions back to shareholders," Citi analysts say in a research note. Dow Jones & Co. owns Factiva. (cristina.roca@wsj.com; @_cristinaroca)


(END) Dow Jones Newswires

08-15-22 0645ET